Business news from Ukraine

Business news from Ukraine

Ukraine reduced copper imports by 21% and exports by 56%

Ukrainian companies in January this year, imports of copper and copper products in value terms decreased by 20.9% compared to the same period last year – up to $ 6.368 million.
According to customs statistics, released by the State Customs Service of Ukraine on Thursday, the export of copper and copper products for the period decreased by 56.2% – to $ 6.407 million.
In addition, Ukraine reduced imports of nickel and its products by 96.2% in January 2022 compared to January 2021 – to $312 thousand, aluminum and its products – by 33.6%, to $26.529 million. In addition, Ukraine reduced imports of lead and its products by 95.4% – to $32 thousand, imports of tin and its products by 20.4%, to $172 thousand, and zinc and zinc products – by 67%, to $2.238 million.
Exports of aluminum and aluminum products in the first month of 2023 fell 33.7% from January 2022 to $6.776 million, lead and lead products fell 41.4% to $1.633 million, and nickel and nickel products were $3,000, down from $397,000 in January 2022.
There were no zinc exports last month, whereas in January-2022 it was $220 thousand. Tin exports and products totaled $17 thousand in January-2023, whereas in January-2022 there were no.
As reported, Ukrainian enterprises in 2022 decreased imports of copper and copper products in value terms by 64.3% compared to the previous year – to $ 65.370 million, their exports decreased by 56.3% – to $ 90.245 million. In December-2022, imported copper and copper products for $ 6.107 million, exported – to $ 6.956 million.
In addition, Ukraine has reduced imports of nickel and its products by 49.9% in 2022 compared to 2021 – up to $59.754 million (in December – $0.668 million), aluminum and its products – by 33.4% to $340.398 million ($29.457 million). At the same time, the imports of lead and lead products decreased by 66.6% to $2.839 million ($12 thousand).
Imports of tin and tin products fell by 33.5% to $3.312 million ($171 thousand), while imports of zinc and zinc products decreased by 58.7% to $38.690 million ($4.386 million).
Exports of aluminum and aluminum products for 2022 decreased 42.7% from 2021 to $96.972 million ($6.330 million in December), lead and lead products decreased 68.7% to $11.970 million ($1.396 million), and nickel and nickel products decreased 73.9% to $1.268 million ($0.1 million).
Zinc exports for 2022 were $1.331 million ($11,000 in December) compared to $550,000 in 2021. Tin and products exports for 2022 were $424,000 ($1,000 in December) compared to $346,000 the previous year.

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State-owned enterprise Forests of Ukraine may be corporatised in second quarter

State enterprise Forests of Ukraine, created as part of the reform of the state forestry sector, which united 158 forestry enterprises into one state specialized enterprise, will be transformed into a joint stock company with a 100% state stake.
The relevant bill will be submitted to the Verkhovna Rada in the second quarter of this year, the Minister of Environment Protection and Natural Resources Ruslan Strelets told the Interfax-Ukraine news agency.
“The enterprise (SE “Forests of Ukraine”) will be reorganized into the appropriate state joint stock company. The bill is being coordinated today in the central executive authorities, and I think that in the second quarter it will be submitted to the Verkhovna Rada,” Strelets said.
As reported, the State Enterprise “Forests of Ukraine” was established to manage all state forestries in accordance with the State Forest Management Strategy of Ukraine until 2035. 158 forestry enterprises have been transferred to the company, and 24 regional offices have been enlarged to nine regional forestry and hunting departments.

Kiev restores 100% operation of land-based electric transport

Kyiv has restored in full operation of ground electric transport after a 56-day break due to a power supply shortage as a result of Russian strikes on the energy system, the Kyiv city military administration has said.
“Today, all electric transport in the capital has returned to its routes. There are now 286 vehicles on 46 trolleybus routes and 195 vehicles on 32 tram routes,” the KGVA said in a statement on its telegram channel on Friday.
“We have overcome a severe transport crisis. The restoration of stable life in Ukraine’s capital is another small but important step towards our future Victory,” said CGVA chief Sergey Popko, who was quoted in the report.
“The effective work of the city authorities, power engineers and repair crews has practically restored the stability of Kiev’s energy infrastructure. This has allowed the city to gradually return to the resumption of urban ground electric transport,” the statement said. According to KGVA, individual tram and trolleybus lines have alternately been launched in recent days.
On December 23, 2022, because of power shortage, work of ground electric transport of capital (trams and trolley buses) has been stopped. Buses operated on the routes of ground electric transport.
In total, the capital lived without electric transport for 56 days.

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“ArcelorMittal Kryvyi Rih” cuts production by two thirds in 2022

ArcelorMittal Kryvyi Rih PJSC (AMKR, Dnipropetrovsk oblast) has cut production of metallurgical coke at its coke-chemical division by 68.1% in 2022 compared with the previous year – to 922 thousand tons.
A company representative told Interfax-Ukraine news agency that in December the company produced 41,000 tonnes of metallurgical coke.
At the same time in 2022 the gross coke output at AMKR amounted to 1.060 mln tonnes, including 47 thnd tonnes in December.
Coke production at ArcelorMittal Kryvyi Rih for 2021 increased by 9.2% to 2.890 million tonnes, including 250 thousand tonnes produced in December.
In 2022 the company supplied over 1.4 million tonnes of coal concentrate, including 469 thousand tonnes of domestically mined coal, 390 thousand tonnes from Russia (pre-war), 65 thousand tonnes from Kazakhstan, 54 thousand tonnes from Poland, 15 thousand tonnes from the Czech Republic, 218 thousand tonnes from the USA and 192 thousand tonnes from Australia. In December, the AMKR supplied 108,000 tons of coals, including 72,000 tons from domestic production, 21,000 tons from Poland, 11,000 tons from the United States and 4,000 tons from Australia.
As Ukrainian coke plants reported, in 2022 the production of gross coke with 6% moisture decreased by 59% compared to the previous year, to 3.91 million tons, including 3.354 million tons of metallurgical coke. In 2022, 4.594 million tonnes of coal concentrate were supplied to the domestic CCPs, including 3.158 million tonnes produced in Ukraine.
“ArcelorMittal Kryvyi Rih is the largest producer of rolled steel in Ukraine. It specializes in the production of long products, in particular rebars and wire rod.
ArcelorMittal owns Ukraine’s largest mining and metallurgical plant, ArcelorMittal Kryvyi Rih, and a number of smaller companies, in particular ArcelorMittal Beryslav PJSC.

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The Prime Minister of the Netherlands came to Kiev

Dutch Prime Minister Mark Rutte has arrived in Kiev and is expected to meet Ukrainian President Volodymyr Zelensky and Prime Minister Denys Shmyhal, the Dutch broadcaster NOS has reported.

According to the newspaper, in the morning, Rutte visited the Wall of Remembrance for those killed in Ukraine near Mykhaylivska Square and laid a wreath. The NOS report is illustrated with photos of the wreath-laying ceremony in Kiev.

Dutch Foreign Trade Minister Lissier Schreinemacher also arrived in the Ukrainian capital. According to the publication, after the meeting with Zelenskyy, Rutte and Schreinemacher will visit Ukrainian Prime Minister Denys Shmyhal.

The Ukrainian media also publish a photo with Rutte in winter Kyiv.

The last time Rutte visited Kiev was in July 2022.

Amsterdam authorities are tightening rules for drugs and alcohol on streets since May

The authorities of Amsterdam, meeting the wishes of the citizens, are tightening the rules for the use of drugs and alcohol on the streets, which have long attracted visitors with its freedom of morality.
In May, cannabis smoking will be banned outdoors in the Red Light District due to complaints from residents who are disturbed by the mess made by tourists. In addition, sex workers will begin to stop working and close their establishments at 3 a.m. Also from 2 am on Fridays and Saturdays restaurants and bars will be closed and from 1 am will be stopped to let new visitors in the quarters of the Old Town of Amsterdam.
So far, the sale of alcohol in the red-light district is prohibited from four in the morning from Thursday to Sunday. In addition the authorities will now require the owners of the stores at this time to remove alcohol from the windows, and in general from sight. It is already illegal to drink alcohol in most public places in Amsterdam.
Current Dutch law criminalizes the possession, production and sale of drugs. However, law enforcement authorities do allow cannabis to be sold in coffee shops, subject to strict rules. In particular, these establishments must not disturb public order and do not attract foreign drug dealers.
In addition, the Amsterdam city council will launch a campaign in the spring aimed at discouraging tourists from the city who come here specifically for alcohol, drugs and sex.

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